Countries

Every country tells a story

The path to financial inclusion is distinct for the twelve financial inclusion countries. Each faces different marketplace barriers and opportunities, and the profile of consumers on adoption ranges from early adopters to more of the broad-based population. While the path to financial inclusion differs by country, the goal of improving lives is consistent. Please explore the story each country tells by clicking on the links below.

Topics

The factors involved in financial inclusion are numerous. This section contains the topics most closely related to bringing individuals into the world of digital financial services. Each contains pieces of the puzzle that, once connected, yields greater inclusion and better lives. As you explore these topics please note how having data offers the ability to draw a clearer picture of the road to financial inclusion.

Kenya

In Kenya, consumers living on less than $2 a day have the option to switch from kerosene to cleaner solar power,made more affordable through financial innovations using mobile money. The nation leads the world in developing mobile money payment systems and in widespread usage, despite Kenya’s extreme poverty, ranking 187 in per-capita GDP. Of the country’s 47 million people, seven in 10 adults (69%) have financial accounts. In addition to mobile money, financial services are available through a diverse group of providers, including banks, nonbank financial institutions and informal financial groups. Nearly two-thirds of the country is rural, and three-quarters of adults earn at least part of their incomes from agriculture. Whether by enabling consumers to transfer money to relatives in small villages, pay school fees, buy health insurance, or even light their homes using solar power, financial inclusion is helping improve Kenyans’ lives.

Financial Inclusion

Total Financially Included

Financial Inclusion Breakdown By Accounts

Account Ownership By Year

51% of active mobile money account holders have used at least one advanced mobile money function.